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Brazil’s November inflation forecast highest since 2002, at 10.73% in 12 months

RIO DE JANEIRO, BRAZIL - With pressure from higher gasoline prices, Brazil's official inflation forecast increased 1.17% in November.

The data are part of the IPCA-15 (National Wide Consumer Price Index 15). In October, the indicator recorded an even higher rate of 1.20%. The November variation came in slightly above financial market projections. Analysts expected an increase of 1.13% in the median.

With the November result, the 12-month accumulated inflation rate reached 10.73%. This is the highest mark for the period since February 2016 (10.84%). By October 2021, the accumulated figure reached 10 . . .

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